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Being publicly traded means they're at the whim of short term investors.
by kiba 5y ago
Being publicly traded means they're at the whim of short term investors.
- bpodgursky 5y agoKinda... but Elon has a controlling class of shares that would maintain total control even after an IPO. Still a hassle and subject to shareholder lawsuits though.
- aquadrop 5y agoIt also creates incentive for short traders to create negative publicity.
- missedthecue 5y agoHacker News really really really seems to think the stock market is solely focused on short term results, meanwhile, Tesla is valued at $770 billion dollars because they maybe might create a valuable energy business sometime in the future. Other examples are Uber, DoorDash, Lucid Motors, etc... money losing companies with nosebleed valuations because investors believe in the long term.
- naveen99 5y agoyou are severely underpaid for someone with > 2000 karma on hn. Someone here should offer you a better paying job.